MiFID deal could keep liquidity alive, say brokers

By Hazel Sheffield
16 Apr 2014

Interdealer brokers have expressed relief after the European Parliament passed measures allowing market participants to match principal trades, primarily in government and corporate bonds, with their own proprietary capital, on newly established organised trading facilities.

The measures form part of the widespread reforms to the structure of capital markets in Europe under the Markets in Financial Instruments Directive II (MiFID II), which was voted through the parliament on Tuesday evening before the Easter recess.

Alex McDonald, chief executive of the Wholesale Markets Brokers’ ...

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